The Market Rally Is Gone

BI ^ | 1-13-2015 | Myles Udland

[blam]

Myles Udland
January 13, 2015

Stocks have erased all of today's gains, and they're now slightly in the red.

Just after 1:30 Tuesday, the Dow was up just 21 points (0.1%), the S&P 500 was down 0.1 point (-0.0%), and the Nasdaq was up 17 points (+0.3%).

At its highest level, the Dow was up by 283 points.

On Tuesday, the price of oil was falling again, with West Texas Intermediate crude slipping below $45 a barrel for the first time since April 2009 as the commodity just cannot find a bottom.

(snip)

[Diana in Wisconsin]

Ding-Ding-Ding-Ding-Ding!

[Genoa]

It’s all emotion. Bunch of nervous old women.

[re_nortex]

The confiscatory tax policies of hussein combined with his kowtowing to unions continue to kill the economy. The regime has instituted burdensome regulations that have devastated corporate profits.

[central_va]

Large corporations love regulations. They can handle it, the little upstart guys can’t. Keeps the “riffraff” out.

[blam]

Economists Can Barely Contain Their Excitement About The New Economic Reports

The DJIA is down 98 points as I post

[blam]

[Varsity Flight]

Never was one.

An attempt to transfer Bailout Quasi-Insurance Banking MBS fraud, with the QEs, now into the same Extortion-Care Lobby, is not getting enough of the gullible to jump into their Extortion-Care fraud.

It’s Extortion crime, and the crimes increase with the criminal legal term Exaction, April 2015.

Result, no more buying. Wallet shutdown.

[cuban leaf]

Well, I’ll throw this out: I just started a new job a couple of months ago and am now getting multiple phone calls per day from head hunters that have seen my resume on Monster. I’ve had it up there for over a decade and have never seen this kind of activity. Not even close.

[cuban leaf]

But I also see it as absurdly temporary.

I compare what is going on in the positive arena as the equivalent of a lamp that falls on the floor. For about 15 seconds the bulb is much brighter than normal - just before it winks out.

We’re in the “extra bright” phase.

[Diana in Wisconsin]

D’oh! :)

[blam]

Thank Obama?

When BTFD Becomes STFR, Dow Drops 400 Points From Day's High

The DJIA is down 112 points as I post.

[cuban leaf]

Remember the week before it hit 18,000. Everyone was talking about all the huge gains each day. But the week before that I was talking about the systemic daily collapse that seemed to be happening.

Thing is, this reminds me of what happened back in 2008. The market started swinging wildly in both directions before the collapse. Kinda like a top before it stops spinning.

And then there is that September 13, 2015 harbinger thing MrB talks about...

[Robert DeLong]

Jan 13, 2015 2:27PM ET

NASDAQ 4640.59 -24.12 ▼-0.52%

DJIA 17548.75 -92.09 ▼-0.52%

S&P 2014.67 -13.59 ▼-0.67%

[Little Bill]

I am retired but I hold some stocks mostly Utilities. Those that I hold have gone up in value, I get scared when that happens, people are looking for a safe haven.

[Sam Gamgee]

What this market seems to tell me is I was wrong all along about buy low sell high investing. Those who momentum invest seem to be much smarter than I am. I thought momentum investing was for chumps. I guess was wrong. Values investing might work for regular life, like buying small businesses, ect, but just doesn't apply to Wall Street.